Are nonprofit hospitals driving up costs throughout the healthcare sector?
Yes, says Robert M. Doroghazi, M.D., a Missouri physician, in a piece (PDF) in the American Journal of Medicine. Doroghazi, who is the publisher of the Physician Investor Newsletter, noted that seven of the 10 most lucrative hospitals in the United States are nonprofits, including the top four on the list.
But Doroghazi also noted that most nonprofit hospitals have fallen short of their goal to spend 5 percent of revenue on charity care, spending just 1.9 percent in 2013.
